The results were stronger than Wall Street analysts had estimated. The company's fiscal-first-quarter outlook is in line with expectations.
For the quarter ended Jan. 31, the Redwood City, Calif., company's loss narrowed to 16 cents a share from 21 cents a share in the year-earlier quarter. The latest adjusted loss was 2 cents a share. Shares outstanding rose 6% to 119.9 million.
Revenue reached $79.3 million from $70.4 million.
A survey of analysts by FactSet produced consensus estimates of an adjusted loss of 5 cents a share on revenue of $76.1 million.
At last check after hours, Zuora shares were trading 0.4% lower at $15.15. They closed regular Thursday trading up 6% at $15.21. Through the regular trading close, the stock is off 15% from its 52-week high of $17.79. Almost exactly a year ago, the stock was a bit above $6.
Zuora's founder and chief executive, Tien Tzuo, said the company finished the fiscal year strongly and exceeded expectaions.
Among the company's key metrics for the quarter: 676 customers with annual contract value of at least $100,000, up 8% from a year earlier.
At Jan. 31, Zuora had cash, equivalents and short-term investments of $186.6 million.
For the fiscal 2022 first quarter, Zuora estimates a net loss of 3 cents to 4 cents a share on revenue ranging from $78 million to $80 million.
The consensus estimates in FactSet's survey of analysts was an adjusted loss of 4 cents a share on revenue of $79.4 million.
In mid-January Zuora appointed Sri Srinivasan chief product and engineering officer. His resume includes tenures at Cisco (CSCO) - Get Cisco Systems, Inc. Report and Microsoft (MSFT) - Get Microsoft Corporation Report, helping those companies develop software-as-a-service.